Colombia updates CERT rules for exports
Colombia’s Decree 0952 clarifies CERT calculations, extends deadlines and updates operational rules for exporters. Colombia’s government issued Decree No. 0952 on 29 August 2025, updating Decree No. 566, which governs the Tax Refund
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Uruguay: 2025–29 budget bill proposes new domestic minimum tax
Uruguay’s 2025–29 Budget Bill proposes a new domestic minimum tax for large multinational groups, effective 2027. Uruguay’s 2025–2029 Budget Bill, submitted on 31 August 2025, introduces a Pillar 2 Qualified Domestic Minimum Top-Up Tax
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Netherlands: Council of Ministers approves tax treaty between Curacao and Suriname
The treaty will be submitted to the Dutch parliament (Staten-Generaal) and the parliament of Curacao for approval. The Netherlands Council of Ministers has approved the 2024 Curacao-Suriname Income and Capital Tax Treaty on 29 August
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US: Colorado ends federal pass-through deduction link, cracks down on tax havens to balance “one big beautiful bill” effects
Colorado will implement tax reforms, including decoupling from the federal 20% pass-through deduction and expanding tax haven jurisdictions, to address corporate tax loopholes and generate nearly USD 250 million in revenue. Colorado, under
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Argentina: ARCA introduces flexible schedule for advance VAT payments
General Resolution 5750 lets VAT-registered taxpayers under the “IVA Simple” system apply advance VAT payments in the current return or within the next five months. Argentina’s tax authority (ARCA) has published General Resolution 5750 in
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US: Trump administration appeals tariff dispute to Supreme Court
The Trump administration requested the Supreme Court to expedite its review by determining whether to hear the case by September 10 and scheduling arguments for November. The Trump administration has requested that the US Supreme Court on
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Peru to implement BEPS multilateral instrument
Peru will implement the BEPS Multilateral Instrument from 1 October 2025, with application to tax treaties depending on counterparties’ ratifications. Peru’s Ministry of Foreign Affairs published a notice on 23 August 2025 in a special
See MoreUS: Trump administration seeks fast-track Supreme Court decision on tariffs
The US Appeals Court ruled that the majority of Trump-era tariffs are unlawful, but they will remain in effect until 14 October while a potential Supreme Court review is considered. US President Donald Trump announced plans to seek an expedited
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Colombia: MoF proposes major tax reforms for 2026 budget
The proposed 2026 budget legislation introduces significant reforms to corporate surtax, VAT, personal income tax, net wealth tax, and capital gains tax, with new tax rules for crypto-asset transactions. Colombia’s Ministry of Finance submitted
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Brazil: President adopts cautious stance on US tariff response
Brazil's Foreign Ministry has tasked Camex with analysing the reciprocity law to strengthen its position in tariff negotiations with the US. Brazil’s President Luiz Inácio Lula da Silva stated he is in "no rush" to retaliate against the US
See MoreUS: Appeals Court rules most Trump tariffs illegal, administration advances trade deals despite ruling
The US Appeals Court ruled that most Trump-era tariffs are illegal but allowed them to remain in place until 14 October pending a possible Supreme Court appeal. Despite the ruling, the administration continues trade talks with other
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Chile: SII issues rules on VAT exemption for low-value imports purchased via remote sellers, online platforms
The new rules exempt low-value imports (CIF value under USD 500) from VAT at import when purchased from non-resident remote sellers or DPIs registered under the simplified VAT regime, ensuring VAT is only charged at the sale stage, not at the time
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Panama: DGI updates eligibility rules for free e-invoicing platform
Resolution 201-6299 enters into force on 1 January 2026. Panama’s tax authority (DGI) published Resolution 201-6299 of 29 July 2025 in the Official Gazette No. 30350 on 25 August 2025, updating the criteria for registered taxpayers to use the
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US: IRS issues guidance on elections, amended returns, accounting method changes for R&E costs under OBBBA
The guidance covers procedures for amortising domestic R&E costs, obtaining automatic consent for accounting changes, and extended deadlines for certain 2024 returns. The IRS released Revenue Procedure 2025-28, outlining rules for elections,
See MoreUS: Trump administration permanently ends low-value package tariff exemption
CBP guidance states parcels will incur fees of USD 80, USD 160, or USD 200 based on Trump-era duty rates: under 16% (e.g., UK, EU), 16-25% (e.g., Indonesia, Vietnam), and over 25% (e.g., China, Brazil, India, Canada), respectively. The Trump
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Brazil consults changes to net profit social contribution (Pillar Two QDMTT)
The consultation period will conclude on 14 September 2025. Brazil's Federal Revenue Service (RFB) has initiated a public consultation to discuss proposed amendments to Normative Instruction RFB No. 2.228 of 3 October 2024, which governs the
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Colombia clarifies tax rules on cross-border technical services with Ecuador
Colombia clarifies SIMPLE regime tax treatment of cross-border technical and consulting services with Ecuador under Andean Community rules. Colombia’s tax authority (DIAN) issued Ruling 8971 int 1044 on 10 July 2025, confirming how technical
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Mexico plans tariffs on Chinese imports
Mexico plans higher tariffs on Chinese imports to protect domestic industries and support a US-backed “Fortress North America” strategy. Mexico is planning to raise tariffs on Chinese imports as part of its 2026 budget proposal, aiming to
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